Stocks to watch: Vodafone Idea, TCS, Bajaj Auto, GAIL

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New Delhi:

Domestic stock indices are expected to trade cautiously on Thursday, taking inspiration from their Asian peers. Asian stocks fell amid concerns about aggressive rate hikes by central banks and risks of a global recession.

Trends on SGX Nifty indicated a flat open for home markets. Nifty Futures on Singapore Exchange, also known as SGX Nifty Futures, edged up 11.20 points or 0.07% to 15,412.20.

The 30-share BSE Sensex had plunged 710 points or 1.35% to close at 51,823 on Wednesday, while the broader NSE Nifty was down 226 points or 1.44% to settle at 15,413.

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Here are the actions to watch for in today’s session:

Vodafone idea: The telecom operator said it would increase equity investment by Rs 436.21 crore in its UK-based promotion company, Vodafone Group. Vodafone Idea is jointly promoted by British Vodafone Group and Indian Aditya Birla Group.

Tata Advisory Services (TCS): India’s largest software company has entered into an agreement to drive business process transformation at Aadhar Housing Finance for an undisclosed amount. The national housing financier will deploy the Tata Group company’s lending and securitization platform for market expansion, according to a statement.

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Bajaj Auto: The automaker informed the exchanges that its board of directors would meet on June 27 to deliberate on the proposed share buyback.

Gael: GAIL (India) Ltd, the country’s largest gas transport and marketing company, has announced its intention to embark on distributed production of liquefied natural gas (LNG) to deliver fuel to users.

Infra IRB: IRB Infrastructure Developers Ltd said it received Rs 308 crore for partial payment of an arbitration award from the National Highway Authority of India (NHAI).

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Additionally, Indiabulls Housing Finance, RBL Bank and Sun TV are three stocks in the F&O (Futures and Options) blackout period today.

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